T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Invesco LLC

Invesco LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 51.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,915 shares of the Wireless communications provider’s stock after buying an additional 2,360 shares during the quarter. Invesco LLC’s holdings in T-Mobile US were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Kovack Advisors Inc. purchased a new position in shares of T-Mobile US during the 1st quarter valued at approximately $212,000. Van ECK Associates Corp increased its stake in shares of T-Mobile US by 9.7% in the 1st quarter. Van ECK Associates Corp now owns 20,278 shares of the Wireless communications provider’s stock worth $3,310,000 after acquiring an additional 1,791 shares during the last quarter. Norden Group LLC increased its position in shares of T-Mobile US by 45.8% during the 1st quarter. Norden Group LLC now owns 3,644 shares of the Wireless communications provider’s stock worth $595,000 after purchasing an additional 1,145 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of T-Mobile US during the 1st quarter worth about $247,000. Finally, Private Advisor Group LLC increased its position in shares of T-Mobile US by 1.0% during the 1st quarter. Private Advisor Group LLC now owns 22,010 shares of the Wireless communications provider’s stock worth $3,593,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS traded up $0.12 during trading on Friday, reaching $223.28. 2,922,071 shares of the stock were exchanged, compared to its average volume of 4,486,394. The business’s 50 day moving average price is $208.90 and its two-hundred day moving average price is $187.46. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market capitalization of $259.11 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 1.14 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $143.90 and a 1 year high of $234.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.58%. T-Mobile US’s dividend payout ratio is 40.14%.

Insiders Place Their Bets

In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Deeanne King sold 15,437 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares in the company, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 359,261 shares of company stock worth $72,263,430 over the last three months. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research reports. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Scotiabank boosted their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. UBS Group boosted their target price on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their price target on T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, TD Cowen boosted their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $241.83.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.